ATLANTA--(BUSINESS WIRE)--May. 8, 2013--
Elavon, a leading global payments provider and wholly owned subsidiary
of U.S. Bancorp (NYSE: USB), has promoted Simon Haslam to the position
of president and chief executive officer, succeeding Mike Passilla who
recently departed the company.
Simon Haslam named President & Chief Executive Officer at Elavon (Photo: Elavon)
Haslam joined Elavon in 2005 and was president of Elavon International
Markets. He is credited with leading Elavon’s successful expansion
throughout Europe, South America, and Latin America, including the
company’s recently completed joint venture with Banco Santander.
“Elavon is an international company and naming a global leader
solidifies our strategy of expansion into many countries and emerging
ways of doing business,” said Pamela Joseph, vice chair of U.S. Bancorp
Payment Services. “Simon’s experience and passion for growth and
innovation make him the best individual to lead Elavon as we continue to
extend our global reach and the value we deliver to our customers.”
"Elavon’s mission is to drive growth for our customers and partners
around the world. We take this calling seriously. As an industry leader
with a global presence, we see how our customers’ needs are evolving and
are in a unique position to bring new solutions to them – solutions that
help them grow their business. Our investment in bringing new products
to market, including the establishment of our 50-person innovation lab,
‘The Grove’ will ensure we continue to deliver on that mission and drive
growth for our customers,” Haslam said.
Haslam came to Elavon from Citibank when Elavon acquired its European
merchant acquiring business. Prior to his years at Citibank, he was a
retail and commercial banker at Midland (HSBC) Bank in London, where he
began his career in 1980.
Haslam is chairman of the board of Santander Elavon Merchant Services, a
member of the boards of Elavon do Brasil, Visa UK and the UK Cards
Association. He was elected fellow of the Chartered Institute of Bankers
April 1996 for Services to Banking.
Haslam will move from his current base in London to Elavon’s Atlanta
About Elavon (www.elavon.com):
Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides
end-to-end payment processing solutions and services to more than one
million merchants in the United States, Europe, Canada, Mexico, Brazil
and Puerto Rico. Elavon markets solutions including credit and debit
card processing, electronic gift cards, dynamic currency conversion,
multi-currency support, and cross-border acquiring through multiple
alliance channels including financial institutions, trade associations,
and third party sales agents. Elavon’s suite of solutions is tailored to
meet the needs of merchants in specialized markets such as retail,
hospitality/T&E, health care, education and the public sector.
About U.S. Bancorp (www.usbank.com):
U.S. Bancorp (NYSE: USB), with $355 billion in assets as of March
31, 2013, is the parent company of U.S. Bank, the 5th largest commercial
bank in the United States. The company operates 3,080 banking offices in
25 states and 5,056 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at www.usbank.com.
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Holly Lytle, 678-731-5236
Teri Charest, 612-303-0732